Announcement • Jun 13
Grounded Lithium Corp Provides Operational Update On Oil And Gas Operations And Kindersley Lithium Project Grounded Lithium Corp. reported that May 2026 oil production sales totaled 114 barrels per day, consistent with production reported in April 2026. The partnership is now focused on optimizing both wells in efforts to deliver high quality, spec grade, oil into the commodity markets and alleviate facility limitations on daily production. The company anticipates that upon completion of relatively straightforward improvements to the facilities, production may initially exceed 150 barrels per day followed by months/years of a shallow production decline. The company and partners are advancing plans for additional development wells. As the operator of the wells, the company also recovers overhead in addition to its share of revenue. The company and Denison Mines Corp. are progressing the completion of the pre-feasibility study for the Kindersley Lithium Project. The pre-feasibility study is now at the review stage and assuming positive technical, operational and economic conclusions, the pre-feasibility study will serve as the basis for important next steps in the journey to bring the Kindersley Lithium Project to a commercial project. Grounded Lithium Corp. owns approximately 1.0 million metric tonnes of Measured & Indicated lithium carbonate equivalent mineral resource and approximately 3.2 million metric tonnes of Inferred lithium carbonate equivalent resource over its focused land holdings in Southwest Saskatchewan as per the company's updated Preliminary Economic Assessment. The updated Preliminary Economic Assessment, titled "NI 43-101 Technical Report: Preliminary Economic Assessment Kindersley Lithium Project – Phase 1 Update" dated November 7, 2023 and effective as of June 30, 2023, reports a Phase 1 NPV8 after-tax of USD 1,000 million with an after-tax IRR of 48.5%. In January 2024, Grounded Lithium Corp. entered into an agreement with Denison Mines Corp. whereby Denison Mines Corp. has the option to earn up to a 75% working interest in the Kindersley Lithium Project by funding in aggregate up to USD 15,150,000 comprised of both cash payments to Grounded Lithium Corp. of up to USD 3,150,000 and funding project expenditures of up to USD 12,000,000 through a structured earn-in option. Reported Earnings • Apr 17
Full year 2025 earnings released Full year 2025 results: Net loss: CA$302.5k (loss narrowed 72% from FY 2024). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. 
